P/E ratio for First Bancorp (FNLC)
P/E ratio as of April 2024 (TTM): 7.67
According to First Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.67123. At the end of 2022 the company had a P/E ratio of 8.41.
P/E ratio history for First Bancorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.41 | -10.81% |
| 2021 | 9.43 | -7.19% |
| 2020 | 10.2 | -20.68% |
| 2019 | 12.8 | 6.18% |
| 2018 | 12.1 | -19.81% |
| 2017 | 15.0 | -23.64% |
| 2016 | 19.7 | 46.3% |
| 2015 | 13.5 | 2.73% |
| 2014 | 13.1 | -9.7% |
| 2013 | 14.5 | 8.41% |
| 2012 | 13.4 | -0.68% |
| 2011 | 13.5 | -6.08% |
| 2010 | 14.4 | 13.57% |
| 2009 | 12.6 | -7.86% |
| 2008 | 13.7 | 26.49% |
| 2007 | 10.8 | -19.57% |
| 2006 | 13.5 | 1.24% |
| 2005 | 13.3 | -25.36% |
| 2004 | 17.8 | 9.08% |
| 2003 | 16.4 | 41.33% |
| 2002 | 11.6 | 0.01% |
| 2001 | 11.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 8.61 | 12.18% | 🇺🇸 USA |
 Northeast Bank NBN | 8.99 | 17.21% | 🇺🇸 USA |
 Independent Bank Corp (Massachusetts) INDB | 8.95 | 16.65% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 7.08 | -7.76% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 8.19 | 6.74% | 🇺🇸 USA |
 Camden National Bank
CAC | 8.92 | 16.30% | 🇺🇸 USA |
 Webster Financial WBS | 8.70 | 13.36% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.